Bitcoin

Bull Market

Drake

Daily

<p style="background: white; margin: 0cm 0cm 12.0pt 0cm;"><span style="font-family: 'Arial',sans-serif; color: #414242;">Rapper sensation Drake posted a video of Michael Saylor praising Bitcoin as a store of value to his 146 million Instagram followers.</span></p>
<p>The clip is taken from a CNBC <a href="https://twitter.com/natbrunell/status/1765328439551099315" target="_blank" rel="noopener noreferrer nofollow">interview</a> with Saylor in which the MicroStrategy co-founder said Bitcoin will ”eat gold” because it is a superior asset.</p>
<p>The video shared by the Grammy-award winner has Bitcoin bull Saylor saying Bitcoin is a store of value and not a medium of exchange.</p>
<p>Saylor believes that Bitcoin exchange-traded funds (ETFs) will not only outperform gold ETFs but also compete with the S&amp;P 500 Index.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">JUST IN: Rap legend Drake posts a Michael Saylor <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> video to his 146 million Instagram followers 🔥<a href="https://t.co/T79xwzvDXX" rel="noopener noreferrer nofollow">pic.twitter.com/T79xwzvDXX</a></p>
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1767522674010382633?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="does-drake-s-michael-saylor-video-show-celebrity-endorsements-are-back">Does Drake’s Michael Saylor Video Show Celebrity Endorsements Are Back?</h2>
<p>The clip may indicate the beginning of a comeback for celebrity endorsements of cryptocurrencies.</p>
<p>Celebrities have promoted <a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-btc-breaks-above-72k-experts-say-this-green-alternative-to-bitcoin-might-be-the-best-crypto-to-buy-now" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and other crypto projects during previous bull markets, but in some case have faced subsequent legal consequences.</p>
<p>During the 2021 bull market, the now-defunct FTX exchange partnered with celebrities like Tom Brady, Kevin O’Leary, and Larry David to promote the exchange. However, the celebrities now face a class-action <a href="https://insidebitcoins.com/news/shaquille-oneal-hit-with-ftx-and-astral-nft-suits-during-nba-game" target="_blank" rel="noopener noreferrer nofollow">lawsuit</a> after the crypto exchange collapsed.</p>
<p>With Bitcoin trading at all-time high levels above $73,000, a similar trend is at play. Such endorsements have previously piqued the interest of retail investors in cryptocurrencies, helping to drive prices higher.</p>
<p>Drake himself is not new to Bitcoin. During the 2022 Super Bowl, the rapper used Bitcoin to place bets.</p>
<h2 id="michael-saylor-dumps-mstr">Michael Saylor Dumps $MSTR</h2>
<p>Separately, a <a href="http://www.sec.gov/Archives/edgar/data/1050446/000095017024029246/xslF345X01/ownership.xml" target="_blank" rel="noopener noreferrer nofollow">filing</a> with the US Securities and Exchange Commission (SEC) shows that Saylor sold 1,050 MicroStrategy (MSTR) shares on March 8. The sale happened at an average price of $1,415 per share.</p>
<p>The executive chairman of MicroStrategy has sold a total of 205,000 MSTR shares over the years but has not made any purchases.</p>
<p>His sale comes as MicroStrategy accumulates more Bitcoin. The analytics firm recently <a href="https://twitter.com/saylor/status/1767158870294605904" target="_blank" rel="noopener noreferrer nofollow">purchased 12,000 BTC</a> for $821 million. It now holds 205,000 BTC purchased for $6.91 billion.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-bull-run-creating-over-1500-millionaire-wallets-daily-kaiko-research-says" rel="noopener noreferrer nofollow">Bitcoin Bull Run Creating Over 1,500 Millionaire Wallets Daily, Kaiko Research Says</a></li>
 <li><a href="https://insidebitcoins.com/news/nft-sales-jump-16-today-is-the-nft-bull-market-now-about-to-start" rel="noopener noreferrer nofollow">NFT Sales Jump 16% Today – Is The NFT Bull Market Now About To Start?</a></li>
 <li><a href="https://insidebitcoins.com/news/london-stock-exchange-to-start-accepting-crypto-etn-applications-in-the-second-quarter" rel="noopener noreferrer nofollow">London Stock Exchange To Start Accepting Crypto ETN Applications In The Second Quarter</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Rapper Drake Posts Michael Saylor Video Lauding Bitcoin As A Store Of Value To His 146 Million Instagram Followers

목차

Inside Bitcoins

2024년 3월 13일에 게재된 다른 기사

Bitcoin price nails new $73.6K all-time high as ETFs eat away at supply

Dutch central bank reveals it fined Crypto.com for registration violations

Anurag Arjun, Polygon’s Ex-co Founder and Avail’s Co Founder, Joins Ternoa as Strategic Advisor

XRP Surges Over 20%: Industry Expert Feeds ETF Speculation

Bitcoin Supercycle? | $BTC Hits $73,000

Celsius Price Holds Higher: Can CEL Continue To Rise In March?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!